Wyndham Hotels & Resorts (NYSE:WH) Given New $113.00 Price Target at Morgan Stanley

Wyndham Hotels & Resorts (NYSE:WH) had its target price boosted by equities research analysts at Morgan Stanley from $107.00 to $113.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 8.55% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group upped their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their price objective on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Truist Financial upped their target price on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.45.

Wyndham Hotels & Resorts Stock Down 2.0 %

Shares of WH stock traded down $2.12 during trading on Tuesday, hitting $104.10. 86,067 shares of the company were exchanged, compared to its average volume of 768,567. The business’s 50-day simple moving average is $104.71 and its 200 day simple moving average is $93.19. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $113.07. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 1.87 and a beta of 1.29. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WH. State of Alaska Department of Revenue increased its holdings in shares of Wyndham Hotels & Resorts by 1.9% during the third quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after buying an additional 175 shares in the last quarter. US Bancorp DE increased its holdings in shares of Wyndham Hotels & Resorts by 1.8% in the third quarter. US Bancorp DE now owns 17,321 shares of the company’s stock valued at $1,353,000 after purchasing an additional 312 shares in the last quarter. Van ECK Associates Corp raised its position in Wyndham Hotels & Resorts by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 63,732 shares of the company’s stock worth $5,189,000 after purchasing an additional 1,100 shares during the last quarter. Impax Asset Management Group plc raised its position in Wyndham Hotels & Resorts by 35.0% in the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock worth $10,549,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Equitable Trust Co. lifted its holdings in Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock worth $716,000 after buying an additional 174 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.